Latest Infrastructure Maintenance News

MLG Oz Limited has locked in a 24-month contract extension at Northern Star’s Jundee Gold Mine, promising steady revenue and continued operational support.

Nexion Group has completed the sale of its Networks businesses and is pivoting to focus on data centre operations and its FuseAI software platform, preparing for an ASX relisting.

Downer EDI Limited has landed a substantial $750 million contract with Chevron Australia to provide maintenance and support services at key Western Australian energy facilities over up to 15 years.

Monadelphous Group Limited has landed a suite of new contracts worth approximately $140 million, extending its foothold in the Pilbara and beyond with BHP and Rio Tinto.

Nexion Group has completed the sale of its networks business for $4.1 million, marking a strategic pivot towards data centre operations and its AI-driven FuseAI software platform. The company is restructuring and preparing to resume ASX trading amid evolving revenue streams.

Service Stream has delivered a robust FY25 performance with revenue growth, record profits, and a landmark $1.6 billion Defence contract, setting the stage for continued expansion.

Service Stream Limited has landed a major long-term contract with the Australian Department of Defence to manage property and asset services across South Australia and the Northern Territory, marking a significant expansion into defence infrastructure support.

Service Stream has delivered a robust FY25 performance, highlighted by a record $7.6 billion order book and a 36.7% increase in adjusted net profit after tax. The company’s diversified contracts and improved margins set a strong foundation for FY26 growth.

Service Stream Limited reported solid FY25 results highlighted by double-digit profit growth, a strengthened balance sheet, and a significant increase in contracted works, setting the stage for continued momentum in FY26.

Champion Iron Limited reported record quarterly iron ore concentrate sales of 3.8 million dmt and $390 million in revenue, while progressing its DRPF and Kami projects on schedule. The company also enhanced financial flexibility through a $500 million Senior Unsecured Notes refinancing.

GenusPlus Group has secured a significant maintenance and upgrade contract with Western Power, expected to generate around $65 million in revenue for FY2026, reinforcing its role in Western Australia's electricity infrastructure.

AVADA Group Limited reports a positive cash flow for Q4 2024, supported by increased collections and operational consolidation, even as government funding shifts delay project starts.